Methode Electronics, Inc. (NYSE:MEI) Updates On Dividend Release Date


On 2016-06-16, Methode Electronics, Inc. (NYSE:MEI) confirmed the dividend disbursement of $0.09 a share to shareholders as on record 2016-07-15. The firm will release dividend on 2016-07-29 while ex-dividend date is reported to be 2016-07-13.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Methode Electronics, Inc. (NYSE:MEI) paid a total of $0.09 per share in dividends. This figure stood at $0.09 a share in the same period a year ago indicating a deviation of 0%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $42.125 on the stock. This figure is the average of recommendations offered by 4 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $45 and $37, respectively.

Taking the mathematical rating formula, the price for Methode Electronics, Inc. (NYSE:MEI) stands at 1. Earnings Review Methode Electronics, Inc. (NYSE:MEI) will report its quarterly earnings for the period ending on 2016-07-31 by 2016-09-01. For the period ending on 2016-07-31, experts are expecting EPS of $0.53.

Coming to the quarter ending on 2016-04-30, Methode Electronics, Inc. (NYSE:MEI) recorded EPS of $0.6. The reported numbers came lower than the analysts’ estimates of $0.52, demonstrating a miss of $0.08 as against reported figures.

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